Greatland Gold (LON:GGP) Stock Price Down 7.2%

Greatland Gold plc (LON:GGP)’s stock price was down 7.2% during mid-day trading on Tuesday . The company traded as low as GBX 7.70 ($0.10) and last traded at GBX 8.02 ($0.10). Approximately 20,644,395 shares traded hands during mid-day trading, an increase of 57% from the average daily volume of 13,181,737 shares. The stock had previously closed at GBX 8.64 ($0.11).

Analysts Set New Price Targets

Separately, Berenberg Bank restated a “buy” rating and set a GBX 12 ($0.15) price target on shares of Greatland Gold in a research report on Thursday, February 29th.

Greatland Gold Stock Performance

The stock has a 50 day moving average price of GBX 6.28 and a two-hundred day moving average price of GBX 7.68. The company has a market capitalization of £361.39 million, a price-to-earnings ratio of -938.00 and a beta of 0.68. The company has a debt-to-equity ratio of 82.97, a current ratio of 4.40 and a quick ratio of 2.36.

About Greatland Gold

Greatland Gold plc, together with its subsidiaries, engages in the exploration and development of precious and base metals in Australia. It explores for gold, copper, cobalt, and nickel deposits. The company's flagship project is the 30% owned Havieron deposit, covering an area of 38 square kilometers located in the Paterson province of Western Australia.